DCP Midstream and Kairos Aerospace Launch Methane Management Initiative Driven by Emerging Technologies
July 06 2020 - 10:02AM
Business Wire
Today, DCP Midstream, LP (NYSE: DCP) and Kairos Aerospace, Inc.
announced a groundbreaking new methane management initiative across
DCP’s portfolio of natural gas assets. The initiative will use
Kairos’ sophisticated airborne methane monitoring techniques and
advanced data analytics to digitally enable DCP’s goals of
operational excellence and sustainability.
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DCP began piloting Kairos technology in March 2019, and after
careful analysis and testing, made the decision to comprehensively
deploy Kairos systems across its operations in Texas, New Mexico,
and Colorado. Under this voluntary emission management program,
Kairos will conduct a series of methane surveys over the largest
geographic footprint ever executed in an industry-led
initiative.
“DCP is committed to constantly improving our environmental
metrics and reducing our methane emissions is a critical component
of our sustainability strategy,” said Wouter van Kempen, president,
chairman, and CEO of DCP Midstream. “By partnering with Kairos
Aerospace, we will leverage their sophisticated airborne methane
spectroscopy to conduct the largest industry-led methane survey.
This new partnership allows us to further our industry leadership
in sustainability and operational excellence.”
“We’re excited to partner with DCP to ensure its customers can
access affordable and reliable natural gas with the smallest
possible environmental footprint,” said Kairos Aerospace CEO and
Co-founder Steve Deiker. “We are proud to partner with such a
leader in sustainability and we look forward to the impact we will
jointly make on DCP’s operational efficiency.”
As the anchor partner of this large survey, DCP has enabled
Kairos to expand their coverage. DCP and Kairos hope that the
accessibility of the technology to multiple states will help
industry peers to detect, quantify, and reduce their methane
emissions as well. As a result of the broad geographic scope of
this study, data is available to all companies within the footprint
of the survey who are interested in better understanding their
emissions profile.
About DCP Midstream
DCP Midstream, LP (DCP) is a Fortune 500 midstream master
limited partnership headquartered in Denver, Colorado, with a
diversified portfolio of gathering, processing, logistics and
marketing assets. DCP is one of the largest natural gas liquids
producers and marketers and one of the largest natural gas
processors in the U.S. The owner of DCP’s general partner is a
joint venture between Enbridge and Phillips 66. For more
information, visit the DCP Midstream, LP website at
www.dcpmidstream.com.
About Kairos Aerospace
Founded in 2014 by Steve Deiker and Brian Jones, Kairos
Aerospace provides large-scale, aerial monitoring of methane
emissions. Kairos Aerospace completed the first-ever basin-wide
aerial survey for methane detection in its 2019 survey of the
Permian Basin. Kairos Aerospace’s mission is to improve operational
excellence for the oil and gas industry with cost-effective,
efficient methane reductions at scale. To learn more, visit
kairosaerospace.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200706005049/en/
For more information:
Kairos Aerospace: Steve Deiker info@kairosaerospace.com (650)
386-5785
DCP Technology Ventures: Anand Pradhan 720-601-3071
Apradhan@dcpmidstream.com
DCP Media and Investor Relations: Sarah Sandberg 303-605-1626
scsandberg@dcpmidstream.com
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